Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

December 20, 2006 09:00 ET

Bayfield Ventures Corp.: Rainy River Exploration Program to Begin in NW Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2006) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FWB:B4N) announces that it will commence an mineral exploration program in January, 2007 on its 480 acres "B" Claim Block property that the Company has recently acquired (see News Release December 4th) located in Richardson Township adjacent on the east side of the Rainy River Resources #433 Gold Zone, the #17 Gold Zone, and the recently discovered ODM Gold Zone.

Rainy River Claims Map: http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif

The Company will also complete a detailed overburden drill program, to follow up on previous till data that has now be compiled by Bayfield. The Company intends to use compiled geophysical data to initiate a diamond drill program on the "B" Claim Block property about in February 2007.

Compilation of historic geological and geophysical data of exploration work conducted on the "B" Claim Block indicates 3 - 4 high priority airborne EM conductors that are coincident with a strong IP conductive zone identified from existing ground survey data.

Bayfield Ventures is also acquiring a 50% interest in the "A" Claim Block totaling 131 hectares, which is located approximately 1,000 metres to the immediate southwest of the recently announced new ODM gold zone discovery of Rainy River Resources and a 100% interest the "C" Claim Block, totaling approximately 800 hectares located in the southeast portion of Sifton Township, located to the west of Rainy River Resources property.

The "A" and the "C" Claim Block properties will also have exploration programs carried out during the winter of 2007. Bayfield Ventures intends to complete detailed overburden drill programs on all of its land holdings commencing at the beginning of the New Year.

All 3 newly acquired properties are located within extensions of the greenstone belt that is known to host the Rainy River Resources gold deposits. The attitude of the reported gold zones is similar to a series of interpreted northwest trending faults. These faults are very evident from the regional magnetic data and crosscut the volcanic belt along a 15 kilometre strike length. The northwest trending faults served as the focus for the emplacement of a number of late diabase dikes in the area. These structures appear to have been the focus of earlier gold mineralization that has been reactivated during emplacement of the dikes.

Rainy River Magnetic Data Map: http://www.bayfieldventures.com/s/Image.asp?i=maps/BYV-RR-Area-magsurveyLRG.gif

Bayfield Ventures is of the belief that the deposits being outlined by Rainy River Resources at this time confirm the area as a mineral camp in its early stage of exploration. The land position with the crosscutting structures and well developed infrastructure now under option to Bayfield Ventures represent an excellent starting point in this emerging mineral camp.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.

For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.

For further information on Rainy River Resources Ltd. (TSX VENTURE:RR), visit their web site at www.rainyriverresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C HUSTON, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture and Frankfurt Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Bayfield Ventures Corp.
    Donald C. Huston
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@bayfieldventures.com
    Website: www.bayfieldventures.com